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    BSP tracks strong outflows, weak inflows in October amid global uncertainty

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    The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.

    Inflation pressures remain as weather, peso weigh on prices

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    The Bangko Sentral ng Pilipinas (BSP) on Friday projected that inflation for November 2024 will settle within the range of 2.2 percent to 3 percent.

    Strategic liquidity management helps fuel 10-month loan growth

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    Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

    National government posts P6.3B surplus in October

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    The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year. 

    MGen expands coal-fired plans despite moratorium

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    Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
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    Hotel101 Madrid mamed official F1 partner

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    Hotel101 Global, a subsidiary of DoubleDragon Corporation, has secured a 10-year partnership with MATCH Hospitality, naming Hotel101 Madrid as the official hotel accommodation partner for the Formula 1 Spanish Grand Prix in Madrid from 2026 to 2035.

    Satellite tech powers new PH crop insurance system

    Agriculture 0
    The government, in partnership with the International Rice Research Institute (IRRI) and allied organizations, has launched a pilot project for satellite-based crop insurance and agro-advisory services aimed at strengthening climate resilience in the agriculture sector.

    EastWest champions legacy planning for family enterprises

    Corporate Bulletins 0
    EastWest Bank has convened a high-level forum focused on family enterprise strategy and succession planning. The event gathered clients from EastWest’s priority, retail, and corporate banking segments, offering a structured platform to address leadership transitions and intergenerational governance.

    New firefighting robots boost Makati’s emergency response – Mayor Abby

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    Makati Mayor Abby Binay today said the city government recently acquired three units of the Rosenbauer Smart Firefighting Robot to further enhance the city’s modern emergency response capabilities. The mayor said the robots offer an alternative way to aid in fire suppression and rescue efforts, especially in high-risk incidents such as those involving hazardous materials, reducing the risk to rescuers’ lives. 

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Banking & Insurance

    FIRB grants ₱20.9-B tax subsidy to boost public services

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    The Fiscal Incentives Review Board (FIRB), chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax subsidies for government institutions for fiscal years 2024 and 2025. The move aims to enhance public service delivery by allowing agencies to redirect resources from tax obligations to operational efficiency.
    Corporate

    Hotel101 Madrid mamed official F1 partner

    0
    Hotel101 Global, a subsidiary of DoubleDragon Corporation, has secured a 10-year partnership with MATCH Hospitality, naming Hotel101 Madrid as the official hotel accommodation partner for the Formula 1 Spanish Grand Prix in Madrid from 2026 to 2035.
    Agriculture

    Satellite tech powers new PH crop insurance system

    0
    The government, in partnership with the International Rice Research Institute (IRRI) and allied organizations, has launched a pilot project for satellite-based crop insurance and agro-advisory services aimed at strengthening climate resilience in the agriculture sector.
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